What is an innovative development financing mechanism?
It is a mechanism for raising funds for development. The mechanisms are complementary to official development assistance.
It is a mechanism for raising funds for development. The mechanisms are complementary to official development assistance.
“Innovative financing is used as an excuse for States not to deliver on official development assistance commitments.”
After the limits of traditional official development aid were highlighted during the United Nations Conference of Monterrey on development financing in 2002, innovative financings proved to be